The Mud Pit > General

Anyone here from Florida?

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PaulW:

--- Quote from: phoenix on March 28, 2009, 07:57:34 PM ---
--- Quote from: PaulW on March 28, 2009, 07:28:54 PM ---
--- Quote from: rocket on March 28, 2009, 06:27:18 PM ---should be a good deal, probably pay less in mortgage than rent on a forclosure!

--- End quote ---

how scummy is the landlord that if they're collecting rest on the property, it's still being foreclosed on??  what's he spending the $ on??

--- End quote ---
Landlord went "back to the home country". Apparently they were depositing the rent into the account the mortgage got paid from (auto payment) They have been gone 6 months or so already. She said the bank told them this week they do NOT have to pay the rent, I told her to keep putting it aside so they will have it if they need it quick.
As for buying it, there is some "deed restriction" on it so they don't want to buy it.

--- End quote ---

that kinda makes sense.

smaug1911:
Not sure if this if the same,

but I am from Florida and deed restricted communities force you to keep your yard looking a certain way or they fine+bill you for the upkeep.  probably other rules too

rocket:
when i bought my house, i told my agent that i was not interested in a home-owners association property, not matter how great of a "deal"

CaptORM:
My parents own several homes in Florida....The problem that comes along with this is that the owner can "evict" a tennant for any reason given 30 days notice.  Possible foreclosure is a notice.  The owner does however have to write up a formal eviction notice. And he also has the responsibility to do so.  i dont think there is anything they can do about moving.  Unless the bank is willing to sell directly to the current tenant.  Which they probably wont do, due to the fact that the house would go up for auction and the bank would get more money that way.  However they may be able to get the owner to sell the home, via the bank, to the tenant.

phoenix:
No worries guys, they decided to buy something down there. Thanx for the help tho!! Hey, they got 6 months rent free for a down payment boost too! lol (per the landlord, their lawyer AND the bank!)

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